Chevron's $2. 17B Divestment: A Glimpse into the Future of Global Energy The recent agreement between Chevron Corporation and Japan's Eneos to sell several Asia Pacific refining and retail assets for $2.
17 billion is a significant step in Chevron's efforts to streamline its international portfolio and reduce costs. The sale, set to close next year, marks yet another major move by the company to divest non core assets.
The decision to shed these refining and storage assets is part of a broader trend among major energy companies.